VanEck Semiconductor ETF $SMH Shares Sold by Miller Investment Management LP

Miller Investment Management LP reduced its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 17.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 96,645 shares of the company’s stock after selling 20,544 shares during the period. VanEck Semiconductor ETF comprises 3.4% of Miller Investment Management LP’s holdings, making the stock its 8th largest position. Miller Investment Management LP’s holdings in VanEck Semiconductor ETF were worth $34,805,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in VanEck Semiconductor ETF by 158.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,198,897 shares of the company’s stock valued at $431,759,000 after purchasing an additional 735,425 shares during the last quarter. Bank of Nova Scotia lifted its stake in VanEck Semiconductor ETF by 24,986.6% in the 3rd quarter. Bank of Nova Scotia now owns 755,107 shares of the company’s stock valued at $246,437,000 after purchasing an additional 752,097 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in VanEck Semiconductor ETF by 0.4% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 576,000 shares of the company’s stock valued at $187,983,000 after purchasing an additional 2,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in VanEck Semiconductor ETF by 4.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 548,017 shares of the company’s stock valued at $197,357,000 after purchasing an additional 21,488 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in VanEck Semiconductor ETF by 8.3% in the 2nd quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock valued at $149,198,000 after purchasing an additional 40,831 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ:SMH opened at $570.91 on Thursday. VanEck Semiconductor ETF has a 52-week low of $256.05 and a 52-week high of $642.77. The company has a market capitalization of $66.33 billion, a P/E ratio of 34.83 and a beta of 1.72. The company has a 50-day simple moving average of $518.34 and a 200 day simple moving average of $431.46.

VanEck Semiconductor ETF Profile

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.